Five lessons from the market correction
![Investors may have taken a haircut this week but it's worth investigating the causes so they're better prepared next time.](http://web.archive.org./web/20180210193126im_/http://www.afr.com/content/dam/images/h/0/v/u/p/x/image.related.afrIndexLeadWide.460x260.h0vi5d.gshfrb.png/1518229210206.jpg)
Investors may have taken a haircut this week but it's worth investigating the causes so they're better prepared next time.
Investors may have taken a haircut this week but it's worth investigating the causes so they're better prepared next time.
Veteran fund manager Geoff Wilson likes to quote Baron Rothschild at times like this: "Buy when there's blood in the streets."
A 'paradigm shift' in central bank policy is the key long-term risk to global bond markets after a spike in interest rates spread to global stockmarkets.
The Dow advanced 331 points, after a chaotic day of trading within a 1000-point range. Volatility eased into the close.
Economist Andrew Hunt says a force three times more powerful than quantitative easing is behind the melt-up in global stocks. Now he says our fate lies in the hands of China's policymakers.
Australia's future prosperity is hanging in the breeze as the increasingly personal and polarised debate over wages and taxes rages on.
What is most galling for Wesfarmers' investors is that Bunnings UK's problems were self-inflicted.
Investors went into the weekend with few signs of an end to the volatility which has convulsed global markets in recent days as Australian shares suffered their worst weekly fall in two years.
It's renowned for being one of the worst acquisitions in corporate history, but the business that emerged from Rio Tinto's $US38 billion acquisition of Alcan is starting to win back some respect.
Myer says it still has the support of its banks after warning profits will fall as much as 41 per cent, but Solomon Lew says the retailer is in 'peril.'
Big Un shares have taken a hit after revelations its sales have been boosted by a third party financier that has been issued shares in the company.
Royal commissioner Kenneth Hayne has zeroed in on the elevated returns on equity from the big four banks.
The unusual spike in volatility this week could prove to be far more positive than it appears.
The 10-year Treasury yield is one of the best metrics for predicting the direction of commodity prices.
The Australian sharemarket had its worst week since January 2016 as the global equities rout resumed on Friday.
"It was an accident waiting to happen: 70 per cent of the market is in a very concentrated position and sentiment had been very high."
The government wants a tax package with something for both companies and workers. The challenge will be in the timing.
Did something fundamental change in the markets this week? Famed bear and former Morgan Stanley head of strategy Gerard Minack thinks so.
All of the dire predictions Solomon Lew made about Myer appear to be coming true.
The regrettable claim in the Productivity Commission's draft report and how to price a new hybrid issue.
Former Deputy Prime Minister and Treasurer Wayne Swan has announced he will retire at the next federal election.
Nationals MPs are beginning to question whether Barnaby Joyce can survive as leader, claiming their conservative voters are angry at revelations of his extramarital affair.
Our new look grid is slowly taking shape with investment in renewables becoming a force unto itself.
The ABC's funding per Australian has halved in real terms compared with 30 years ago.
A long-running, bitter factional war inside the NSW Liberal Party is reaching a climax this weekend.
White House chief of staff John Kelly told officials he was willing to step down over his handling of allegations of spousal abuse against staffer.
​President Donald Trump on Friday morning signed into law a far-reaching budget deal that will boost spending by hundreds of billions of dollars.
The amount of influenza ravaging the US this year rivals levels normally seen when an altogether new virus emerges.
Getting North Korea to attend the Winter Olympics was the culmination of months of quiet discussions and behind-the-scenes diplomacy.
Researchers intent on unlocking ancient secrets from old bones are dodging barbs from angry white nationalists.
Equities are still the best place to be but shareholders need to beware of becoming too complacent.
Australia's top banking regulator won't be calling an end to tighter credit restrictions that have slowed investor lending, despite loans falling at their fastest yearly pace in 18 months.
The regrettable claim in the Productivity Commission's draft report and how to price a new hybrid issue.
Is Prime Minister Malcolm Turnbull wrong to discourage kids who want a generalist degree from studying law?
Australian Medical Association president Michael Gannon talks policy, politics and contentious tweets over lunch with the AFR.
Bluescope Steel did not have a valid reason to fire a senior employee for allegedly defecating in the work showers, Fair Work has found.
Arts is being added to the core science, technology, engineering and mathematics units.
North Korea may be playing nice at the Winter Olympics but few think any real progress will be made toward a unified Korea.
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